Japan Earmarks Record Military Spending in Draft FY2022/23 Budget | World News

TOKYO (Reuters) – Japan will earmark a record annual military outlay of 5.37 trillion yen ($47.05 billion) in the new fiscal year starting in April, according to a copy of the government’s initial budget draft reviewed by Reuters on Thursday.

The fiscal year 2022 budget plan is expected to be approved by the cabinet on Friday.

(Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)

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